Gold Loan Dhanera

Gold Loan is a secured form of a loan, where a person places gold as collateral and money are provided to the customer according to the market rate of gold. Any person who needs immediate cash and possesses gold can apply for it. It is a multipurpose scheme that can be used for any purpose according to the requirement.

Gold Loan Eligibility Criteria

Loan Amount

Minimum 18k

Maximum depends upon the weight of the gold

Age

Minimum: 18 years

Maximum (at loan maturity): 70 years

Citizenship

Indian

Gold requirements

Minimum 10 gram of gold

Employment status

Salaried

Self-employed

Advantages of Taking a Gold Loan

Following are the Advantages of a Gold Loan:

  1. No income and salary criteria- Gold loans do not require any documentation or validation for income or salary of the person. So even if you are unemployed and unsalaried you can still avail a gold loan. This is because you are pledging a valuable asset i.e. gold in return of the money.
  2. Can be provided in cases of bad credit history as well as low-income level.
  3. You need to repay only the interest- You have the option to pay only the interest during the tenure of the entire gold loan and at the end of tenure, you can pay the entire borrowed amount in a single shot.
  4. Total Convenience- The most convenient of all the loans is a gold loan. This is because in this all you have to do is pledge your gold with a bank or a private finance institute and the work is done. You can get a loan up to 80% or more of its market value immediately.
  5. Less processing time- No tedious and lengthy documentation is required in case of gold loans, hence it can be resorted to in times of urgent needs. Banks take a few hours in the processing of the gold loan whereas some NBFC’s state that they only take a few minutes for the same task.

Why one should choose Gold Loan in Dhanera?

  1.  No EMI, service only interest
  2. No credit checks
  3. Minimal Documentation
  4. Easy repayment schemes
  5. The Loan gets sanctioned in just a few minutes.
  6. The money is offered to the customer after a quick evaluation of gold.
  7. It is free from the hassle of long paperwork.

  Gold Loan Interest Rates

Gold Loan Scheme

Loan Tenure / Period

The rate of Interest (p.a.)

TrueValue Loan

 12 months

12.5 % to 15.5 %

 

About Dhanera:

The city of Dhanera is a municipality in Banaskantha district, the northern part of the state of Gujarat, India. It had a population of 22,183. Dhanera is close to the city of Deesa.To get a gold loan in Dhanera call on 9592046860 or visit www.dialabank.com.